Paytm is hoping to cover one crore merchants across the country in the next three to six months from the existing 60 lakh merchant partners for the Quick Response (QR) code-based payments, an official said here on Thursday.

The mobile wallet industry is expected to maintain the pace of its current expansion with transaction volume expected to touch 32 billion by 2022 and the value of the same will be Rs 32 trillion, said a report.

Driven by urbanization, attitudinal shifts and income growth, Indias retail market is expected to double from US$ 600 billion in 2015 to US$ 1 trillion by 2020 as per IBEF. The tremendous growth of e-commerce market also plays an integral role in the high scale development of the retail sector; by 2020, ecommerce will be a $700 billion market (B2B) with 530 million shoppers by 2025, coming at par with offline stores within a span of five years. Against the backdrop of robust investment in the Read more..